Canadian unemployment rate drops slightly to 5.1% in November: Statistics Canada
Statistics Canada says employment was little changed in November, with a modest gain of 10,000 jobs.Sign up to receive daily headline news from the Calgary Herald, a division of Postmedia Network Inc.By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc. You may unsubscribe any time by clicking on the unsubscribe link at the bottom of our emails. Postmedia Network Inc.
Canada’s labour market has remained remarkably strong despite signs of an economic slowdown. The unemployment rate fell to a record-low of 4.9 per cent in the summer and has edged up only slightly since then. “We had several months of very weak reports through the summer and early autumn, then we had a gangbusters report in October. And now we’re kind of back to a treading water kind of report,” he said.In November, wages were up 5.6 per cent compared to a year ago, marking the sixth consecutive month of above 5.0 per cent growth.Bank of Canada governor Tiff Macklem has characterized Canada’s low unemployment rate as unsustainable and said it’s contributing to high inflation.
Recent research from the Bank of Canada suggests it believes it can bring inflation down without causing a large increase in unemployment.
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Unemployment rate drops slightly to 5.1% in November: Statistics Canada - BNN BloombergEmployment was little changed in November as the economy added a modest 10,000 jobs, Statistics Canada says. The unemployment rate fell slightly to 5.1 per cent.
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Unemployment rate drops slightly to 5.1% in November: Statistics CanadaStatistics Canada says employment was little changed in November as the economy added a modest 10,000 jobs.
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Unemployment rate drops slightly to 5.1% in November: Statistics CanadaStatistics Canada says employment was little changed in November as the economy added a modest 10,000 jobs.
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Statistics Canada to release job market numbers for November - National | Globalnews.caRBC says it expects the economy added 5,000 jobs in November while the unemployment rate edged slightly higher to 5.3% from 5.2% the previous month.
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Statistics Canada to release November jobs numbers this morningStatistics Canada is set to release its latest jobs report this morning. The November labour force survey will provide insight on the state of the labour market and unemployment last month.
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Statistics Canada to release November jobs numbers this morning - BNN BloombergStatistics Canada is set to release its latest jobs report this morning.
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